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Tuesday, January 18, 2011

Oil and Gas Stock Alert; American Petro-Hunter (OTCBB: AAPH) Announces Increasing Oil & Gas Production at North Oklahoma Project

SCOTTSDALE, AZ - January 18, 2011 (Investorideas.com energy newswire) � American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company"), today is pleased to update the status of production and operations at the Company's NOJ26 Well, North Oklahoma Project.
NOJ26 recently went on pump and following the ongoing separation and pumping off of the fracture load, the oil production rates have been increasing on a daily basis. The oil cut has now passed 10% and with the installation of a submersible pump and increase of the pump stroke rate, the well capacity will move 400 to 500 barrels of fluid daily, thereby escalating oil production to 40-50 barrels of oil per day.
As the oil cut increases and water levels drop, the production target of 100 plus BPD remains achievable over time. The ultimate test of the well will be oil produced to the tanks. Light Oklahoma sweet crude, quoted on Jan. 13th by Sunoco is $88.50 and oil is now being sold from NOJ26 with the Company anticipating its inaugural net revenue proceeds from the well in February.
In addition, the Company is pleased to report that NOJ26 well is producing natural gas at commercial rates. The gas buyer has taken a sample showing high BTU values and is now working to connect the well to nearby existing infrastructure. Gas rates have been calculated between 25,000 and 35,000 MCF per day and the revenue generated from the gas is currently slated to aid in funding operational costs at the project.
About American Petro-Hunter, Inc. (OTCBB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets. Visit us at: www.americanpetrohunter.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
American Petro-Hunter, Inc.
Robert McIntosh
President & C.E.O.
To find out more about American Petro-Hunter, Inc. (OTCBB: AAPH), visit our website at www.americanpetrohunter.com
Contact:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com
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American Petro-hunter Inc. (AAPH.OB) Oct 2010 - one month showcase energy stock on Investorideas.com and energy portals and blogs (three thousand per month)